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← Bath And North East Somerset Carers Centre

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 03289938 (England and Wales) REGISTERED CHARITY NUMBER: 1060080

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025

for Bath & North East Somerset Carers' Centre (A Company Limited by Guarantee)

Monahans Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ

Bath & North East Somerset Carers' Centre

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 28

Bath & North East Somerset Carers' Centre Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES C Bone B J Hulme (resigned 5.7.24) K Littlewood - Treasurer until 10/7/24 P J R Richards (resigned 5.4.24) J Theed - Vice Chair F Mowat - Chair J Hole G Pitman (appointed 6.6.25) N Mathiason (appointed 28.11.24) T Thompson (appointed 28.11.24) D Morgan - Treasurer from 10/7/24 (appointed 10.7.24) REGISTERED OFFICE The Carers Centre The Woodlands Lower Bristol Road Bath BA2 9ES REGISTERED COMPANY NUMBER 03289938 (England and Wales) REGISTERED CHARITY NUMBER 1060080 INDEPENDENT EXAMINER Monahans Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ

Page 1

Bath & North East Somerset Carers' Centre (Registered number: 03289938)

Report of the Trustees for the Year Ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

POLICIES AND OBJECTIVES

Our overarching aim is to create a community where carers, both present and future are fully recognised, valued, and supported. We want carers to have what they need to stay healthy, feel empowered, and remain connected. A carer is someone who, without payment, provides help and support to a partner, child, relative, friend, or neighbour who could not manage without their assistance. This may be due to age, physical or mental illness, addiction, or disability.

Taking on a caring role often brings significant challenges, including poverty, isolation, frustration, poor health, and depression. Many carers also work outside the home, juggling employment with their caring responsibilities. A significant number are forced to give up their income, career opportunities, and pension rights to provide care. Most carers struggle alone and are unaware of the support available to them. They consistently tell us that access to information, advice, financial support, and respite breaks are essential in managing the impact of their role.

Our charitable purposes are defined in our Memorandum and Articles of Association. We provide a public benefit through the services we deliver.

STRATEGIES FOR ACHIEVING OBJECTIVES

During this year, we continued with our 2018-24 strategy. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when setting our strategy and our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

The Carers' Centre aimed to provide services to anyone who needed them in BaNES. The five aims of the Carers' Centre from our 2018-24 strategy were keeping carers well; keeping carers connected; keeping carers feeling in control; creating a carer friendly community and being here for carers in the long term. These have been demonstrated in our performance over the past year and through our diversified funding initiatives.

Strategic Aim 1 Keeping Carers Well: Carers have improved physical health and mental/emotional wellbeing.

Carers can become so focused on the health of the person they care for that they neglect their own health and well-being. Supporting carers in staying physically healthy and maintaining or improving their mental and emotional well-being benefits both the carers and those they care for, enabling carers to provide care for a longer period.

Strategic Aim 2 Keeping Carers feeling in Control: Carers are better able to manage the impact of caring.

Caring can be complex, and carers often struggle to cope with their role. Supporting carers in managing the emotional and physical impact of their responsibilities can prevent burnout, allowing them to care for others while also maintaining their own well-being.

Strategic Aim 3 Creating a Carer Friendly Community: People living in Bath and North East Somerset better understand the needs of local carers.

By increasing awareness and understanding of local carers' needs, we aim to create a more carer-friendly community and encourage people to seek help earlier when they become carers.

Strategic Aim 4 Keeping Carers Connected: Carers are better able to have a life alongside caring.

Caring can be very isolating and lonely. Helping carers maintain a life alongside their caring can increase their financial and emotional resilience, ensuring they continue to find meaning and purpose beyond their role as carers.

Strategic Aim 5 Being Here for Carers: We are a sustainable organisation in charge of our own funding destiny.

To make a difference for carers, we need knowledgeable and skilled staff with high-quality working practices. Additionally, we must secure funding to support sustainable and innovative approaches to our work.

Page 2

Bath & North East Somerset Carers' Centre (Registered number: 03289938) Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES THE SERVICES AND ACTIVITIES PROVIDED WITHIN THESE WERE: Adult Carer Services

"Being provided with the information helped us make a decision and a plan for the next step"

" I had a fabulous morning where I had a wonderful conversation with another carer which left me feeling inspired, determined and hopeful "

Young Carer Services

"The activities have given her that little thing for her"

"It feels good that we actually get to speak first hand rather than coming from the mouth of someone else. That's what makes the Youth Council unique "

Volunteering hours 2024-25

The Carers' Centre in BaNES has been supported by many dedicated volunteers who generously share their time and skills to help us deliver life-changing services. Their contributions make a significant difference to the lives of carers and the wider community. We would like to take this opportunity to thank all our volunteers for their invaluable support across a variety of roles. They are an essential and valued part of our team.

The value of volunteering to the organisation below uses the minimum wage for individual volunteers of £12.21 and the average wage of £18.64 per hour for skilled employee volunteers. This is really an underestimate of the value of volunteering to us, but it gives an indicative figure.

Estimated
hours
Value
per
hour
Volunteers to support service delivery
997
£12.21
Trustee hours
252.5
£18.64
Total		 Total value
£12,173.37
£4,706.60
£16,897.97

Page 3

Bath & North East Somerset Carers' Centre (Registered number: 03289938)

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENT AND PERFORMANCE

The main objectives and activities for the year were achieved through three main contracts and additional grants that enabled us to achieve over and above our aims:

The Carers Support Service was commissioned by Bath & North East Somerset Council & North East Somerset Clinical Commissioning Group ( incorporated within the Integrated Care Board from 1 April 2023) and subcontracted to us by HCRG Care Group. Additional funds were gratefully received from various trusts and community groups.

The Young Carers Service commissioned by Bath & North East Somerset Council Children's Services. Additional funds were gratefully received from various trusts and community groups.

The Dementia Challenge Service commissioned by Bath & North Bath, Swindon and Wiltshire Integrated Care Board from 1 April 2023, subcontracted by HCRG Care Group to run the Home from Hospital support service. This service provides assistance to carers supporting a loved one with dementia following discharge from hospital.

Over the past year, of the 5749 registered adult carers we had 3191 direct support interactions. This included 289 emergency planning ( My Caring Role) sessions and 119 successful carer grant applications. We also provided information, advice, and referrals for advocacy, housing support, finance, energy, debt advice, education and employment opportunities, social care options, emotional support, and carers' health. Additionally, our website's advice and support pages received 10,981 unique views.

Throughout the year, we offered 139 unique well-being activities, with a total attendance of 826. We also provided 187 in-person, online Carer Cafes, and telephone groups, benefiting 314 carers. The on-line booking system was used by over 840 unique carers and the wellbeing activities were downloaded 282 times.

Carers' Voice met formally eight times to provide valuable insights into the development of Bath University's Carer Awareness Sessions for social work students in years 1 and 3 , as well as a session focused on discrimination and empowerment which was well attended. In addition, they held a joint session with young carers to connect and share each other's work. A sub-group of Carers' Voice also contributed to shaping the Carers Centre Strategy and actively engaged with Bath and North East Somerset (B&NES) Council on the B&NES Carers Strategy.

For young carers, we delivered 6 well-being support groups attended by 15 young carers, 61 break opportunities attended by 125 young carers, and 4 family events. We provided statutory needs assessments for 53 young carers, advised 94 young carers of their right to an adult assessment, and facilitated the transition of 62 young carers into adult services. Out of 957 registered young carers, 258 accessed support, with a further 279 young carers accessed our new "How to stay healthy as a young carer" on our website.

The Carers Centre continues to collaborate with schools through its annual workshop, led by young carers. This year's event brought together teaching staff from nine schools to share best practices and strengthen support for young carers. Supporting young carers in education remains a top priority, and ensuring their voices are heard is essential to shaping effective approaches.

The Young Carers Council created a fun and practical guide on how to stay healthy as a young carer, which is now available on our website.

Later in the year, young carers collaborated with Bath Philharmonia Orchestra, Carers Trust and Ed Davies, Leader of the Liberal Democrats, to record Love Is Enough, a powerful and fun project aimed at raising awareness of young carers' experiences. The song resonated widely and reached number 37 in the UK music charts.

Page 4

Bath & North East Somerset Carers' Centre (Registered number: 03289938)

Report of the Trustees for the Year Ended 31 March 2025

Throughout the year we continued to deliver the Dementia Challenge service supporting 75 carers of those who have been newly diagnosed with dementia at the Royal United Hospital. Following support carers reported they were twice as likely to feel more confident about their caring role and were able to take a break.

Collaboration and partnerships are central to our work. They bring together diverse perspectives and experiences, helping us solve complex challenges more effectively and deliver better outcomes for carers. By working closely with others, we can tap into shared knowledge, drive innovation, and create stronger, more sustainable solutions.

This year, we strengthened our partnerships with the Bath, Swindon, and Wiltshire Carer Partnership Group, BSW Communities Together, the BaNES Community Wellbeing Hub, and the RIVIAM Royal United Hospital Digital Discharge Support Service. We also continued to expand delivery of Bereavement Hubs with Dorothy House and WHY, carer cafes with Bath Abbey and

Young Carers activities with Bath Philharmonia.

KEY FINANCIAL PERFORMANCE INDICATORS

The Trustees have set themselves the following financial goals:

Key Performance Indicator

Performance

Maintain an appropriate level of free reserves based on Free reserves exceeded the appropriate level during the annual stress test. the financial year. Pay off social investment loan to secure building as an asset. Paid back 8th year of 10-year loan. Be financially sustainable. Deliver a surplus year on year.

FUNDRAISING ACTIVITIES/INCOME GENERATION

Our services were mainly provided through contracts with HCRG Care Group & Bath & North East Somerset Council amounting to £554,637 (2024:£545,674). We also received £206,563 (2024: £235,221) from the other funding sources.

Our total income from all sources was £806,340 (2024: £823,786).

Our total expenditure (excluding unrealised losses on investments) on all projects amounted to £861,379 (2024: £804,067)

BANKING AND INVESTMENTS

Our cash funds are automatically moved between CAF Bank Current and Gold accounts to ensure there is always a minimum of £12,000 in the current account and to maximise the interest earned on the funding we receive. Reserves are kept in a mix of high-interest accounts with a maximum of 100-day notice, allowing access to our reserves with minimal loss of interest. Trustees review investments periodically to ensure they maximise the financial gains possible.

Bank interest rates made a small increase low throughout the year and are expected to remain low in 2025/26

FINANCIAL REVIEW PRINCIPAL FUNDING

The Carers' Centre thank our funders:

We have had a contract with Bath & North East Somerset Council and Bath & North East Somerset Clinical Commissioning Group (incorporated into the BSW Integrated Care Board 1 July 2022) through a sub-contract with HCRG Care Group for adult carers, and through Bath & North East Somerset Council for parent carers and young carers. We have also received support from St John's Foundation through a social investment loan to purchase our premises, Woodlands.

We have received funds from a variety of charitable trusts and foundations that we have recognised on page four.

Additionally, we extend our gratitude to our community fundraisers. Last but not least, a huge thank you to all the individuals who donated goods and services, and to those who fundraised on our behalf.

Page 5

Bath & North East Somerset Carers' Centre (Registered number: 03289938) Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW RESERVES POLICY

As at the balance sheet date the free reserves held by the Charity (the unrestricted, undesignated funds not committed or invested in fixed assets, or long-term liabilities used to finance them were in surplus to the amount of £137,887 (2024: £178,801).

Every year the Trustees examine the requirement for an appropriate level of reserves and review the designated funds, their purpose and amounts in each. This is done in the context of the main risks faced by the organisation; the cuts facing social care and health and the commissioning intentions which affect any plans for future growth. One of the risks already identified is the dependency on statutory funding to achieve our charitable objectives. Although this has been partially addressed in the short term by obtaining funding for other projects, we still remain vulnerable in the longer term to changes in statutory services' priorities. Based on the latest review, the Trustees believe that the current level of free reserves required is between £130,000 - £150,000. At the end of the accounting period,

The Carers Centre's free reserves are within the required amount.

GOING CONCERN

The Trustees have evaluated potential income strategies and set targets for the year. The social investment loan for Woodlands was successfully renegotiated in 2023 extending the loan term to 2033 and securing a one-year capital repayment holiday until December 2024. In addition, efforts have begun to diversify and increase income generation activities.

The Adult Services contract was extended until December 2025 and is scheduled to go out to tender in June 2025. We also retained the BaNES Children's Services Young Carers contract until 2031.

The Trustees and senior leadership team have been engaged in resilience planning and are actively considering the most effective use of the organisation's assets. As a result, the Trustees have a reasonable expectation that the Carers' Centre has adequate resources to continue operating for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding this approach can be found in the Accounting Policies section.

FUTURE DEVELOPMENTS

Throughout the year, we focused on developing our next five-year strategy (2025-2030) by actively engaging with carers and aligning our plans with key regional and national frameworks. These include the BaNES, Swindon and Wiltshire Integrated Care Strategy, BaNES Council's Health and Wellbeing Strategies, and the NHS Long Term Plan.

Our commitment to listening to carers remains at the heart of our approach. We will continue to invest in our staff and digital infrastructure to strengthen organisational capacity, while also increasing our fundraising capability to ensure we are well-resourced to deliver on our mission through the goals set in our 2025-30 strategy.

Our overarching goal is to help carers stay well, connected, and in control of their lives. Ultimately, we aim to create a carer-friendly community that supports the 19,600 unpaid carers across Bath and North East Somerset.

STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION

The organisation is a charitable company limited by guarantee, incorporated on 10 December 1996, and registered as a charity on 10 January 1997 as the successor organisation to Wansdyke Volunteer Bureau. The Company is established under a Memorandum of Association which sets out the objects and powers of the Charitable Company and is governed under the Articles of Association. In the event of the Company being wound up Members are required to contribute an amount not exceeding £10 The total number of guarantors as of 31 March 2024 was 7.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The Directors of the Company are also Charity Trustees for the purposes of charity law. New Trustees can be co-opted subject to reappointment at the next AGM. One-third of Trustees retire on rotation at each AGM according to how long they have been in office but can be re-elected if vacancies still exist. The Board seeks to ensure that the needs of carers are represented and reflected in the Trustee body. There are four people with personal caring experience on the Board.

Page 6

Bath & North East Somerset Carers' Centre (Registered number: 03289938) Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT ORGANISATIONAL STRUCTURE AND DECISION MAKING

At the date of this report there are seven Trustees from a variety of backgrounds. Five full Board meetings were held last year including the AGM and two topic specific meetings Each Sub Group met quarterly.

Day-to-day responsibility for service provision rested with the Carers' Centre Chief Executive, the Senior Services Manager, and the Operations Manager. The Chief Executive had overall responsibility for ensuring high-quality services were delivered, performance targets were met, supervision and training of staff and volunteers and the management of the premises. At the end of the year there were 19 part-time staff, four full-time staff and 64 volunteers.

Volunteers continued to provide practical help through breaks, cafes and in maintaining the garden at Woodlands.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

Trustees of the Carers' Centre play a critical role in ensuring strong governance, strategic oversight, and compliance with regulatory obligations. The recruitment process for new Trustees is structured to uphold transparency and ensure alignment with the organisation's values and needs. Candidates are asked to submit a formal application and a declaration of interests. This is followed by an informal meeting with the Chair and Chief Executive, as well as the opportunity to observe Board meetings. A formal interview is then conducted by the Chair and an existing Trustee. Subject to Board agreement, candidates may be co-opted onto the Board until the next Annual General Meeting (AGM), at which point Members vote on their formal appointment.

Upon joining, new Trustees are provided with a comprehensive induction pack and introduced to the Charity Commission's guidance on governance and responsibilities. Trustees are kept well-informed through regular written and verbal reports from staff and are actively encouraged to attend Carers' Centre activities to deepen their understanding of services and engagement with the carer community.

Trustees also contribute to key areas of organisational development by participating in sub-groups focused on Finance, People, and Service Provision. The Carers' Centre is committed to continually enhancing the Trustee induction process and expanding access to ongoing governance training and development opportunities. This ensures that Trustees are fully equipped to discharge their duties with confidence, integrity, and effectiveness.

PAY POLICY FOR SENIOR STAFF

Trustees have established pay levels across the organisation based on clearly defined roles and responsibilities. The Chief Executive Officer is placed at Pay Grade 1, while members of the Senior Management Team are positioned at Pay Grade 2. Senior Managers are required to hold a Level 5 qualification or above or demonstrate equivalent relevant experience. Where necessary, there is an expectation that individuals will work toward obtaining an appropriate qualification.

All pay levels are reviewed annually by the Trustees, taking into account local sector pay benchmarks, cost-of-living changes, and the overall size and financial capacity of the Carers' Centre. This approach ensures fair and sustainable remuneration across the organisation.

For further information, please contact the Carers' Centre directly.

RELATED PARTY RELATIONSHIPS

In so far as it is complementary to the Charity's objects, the Charity was guided by both local and national policy. Supporting Adult Carers NICE Guidance provided a framework for developing support services for carers across the country. Government legislation including the Care Act 2014 updated with the Health and Care Act 2022. the Children and Families Act 2014 and the (Equal Opportunities) Act of 2004 provided the legal framework and guidance on Carers Rights which the Carers' Centre seeks to implement with local statutory and voluntary sector partners. The Carers Centre works with the BSW Integrated Care Board, BaNES Council, and the local NHS to develop processes and systems of health care delivery that recognises the needs of carers.

Page 7

Bath & North East Somerset Carers' Centre (Registered number: 03289938) Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT RISK MANAGEMENT

The Board continues to implement a robust and ongoing process of organisational risk assessment. The risk register is reviewed regularly by the Senior Leadership Team and presented quarterly to the Board, ensuring timely oversight and responsiveness. When new or emerging risks are identified, appropriate mitigation actions are promptly implemented and monitored.

The 2018-24 Strategic Plan, developed with input from carers, staff, Trustees, and volunteers, integrates a comprehensive approach to risk management. It addresses key challenges such as ensuring that all projects are properly funded, well-planned, effectively managed, and subject to regular review-helping to protect our reputation and secure future funding.

Financial oversight remains a priority. The Finance Sub-Group monitors financial procedures closely, with strong internal controls in place. All transactions and project expenditures follow strict authorisation protocols, and these processes are supported by quarterly financial reporting and an annual internal audit.

We also maintain full compliance with statutory and regulatory requirements, including health and safety legislation, safeguarding standards, and data protection (GDPR). Designated leads for each compliance area ensure policies are kept up to date and that staff and volunteers receive regular training. Health and safety procedures are reviewed annually, with audits and risk assessments conducted to ensure the safety of everyone engaged in our services-whether at the Carers' Centre or through community-based activities. Through these actions, we remain committed to maintaining the highest standards of accountability, transparency, and good governance across all areas of our work.

MEMBERS' LIABILITY

Members of the Charity guarantee to contribute an amount not exceeding £10 to the assets of the Charity in the event of winding up. The total number of such guarantees as of 31 March 2024 was 7. The Trustees have no beneficial interest in the Charity.

Approved by order of the board of trustees on .......1 October 2025................................... and signed on its behalf by:

Page 8

Independent Examiner's Report to the Trustees of Bath & North East Somerset Carers' Centre

Independent examiner's report to the trustees of Bath & North East Somerset Carers' Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

James Gare FCA DChA

Monahans Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ

Date: ...29 October 2025..........................................

Page 9

Bath & North East Somerset Carers' Centre

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
32,865
Charitable activities
5
Wellbeing
110,927
Connection
83,196
Control
194,123
Friendly
166,391
Other trading activities
3
3,564
Investment income
4
7,900
Total
598,966
EXPENDITURE ON
Raising funds
6
916
Charitable activities
7
Wellbeing
158,115
Connection
78,855
Control
290,295
Friendly
126,849
Total
655,030
Net gains/(losses) on investments
(160)
NET INCOME/(EXPENDITURE)
(56,224)
RECONCILIATION OF FUNDS
Total funds brought forward
493,152
TOTAL FUNDS CARRIED FORWARD
436,928		 Restricted
funds
£
-
18,609
42,500
145,454
-
814
-
207,377
-
39,106
32,694
42,661
91,890
206,351
-
1,026
70,788
71,814		 2025
Total
funds
£
32,865
129,536
125,696
339,577
166,391
4,378
7,900
806,343
916
197,221
111,549
332,956
218,739
861,381
(160)
(55,198)
563,940
508,742		 2024
Total
funds
£
31,036
184,423
132,167
276,131
188,174
4,748
7,107
823,786
9,088
176,688
107,288
293,814
217,189
804,067
(39)
19,680
544,260
563,940

The notes form part of these financial statements

Page 10

Bath & North East Somerset

Carers' Centre (Registered number: 03289938)

Balance Sheet
31 March 2025
Notes
FIXED ASSETS
Intangible assets
14
Tangible assets
15
Investments
16
CURRENT ASSETS
Debtors
17
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
19
NET ASSETS
FUNDS
22
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2025
£
-
365,805
62,866
428,671
23,592
167,189		 2024
£
10,208
372,660
63,026
445,894
12,924
231,037
243,961
(59,330)
184,631
630,525
(66,585)
563,940
493,152
70,788
563,940
190,781
(49,677)
141,104
569,775
(61,033)
508,742
436,928
71,814
508,742

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 11

continued...

Bath & North East Somerset Carers' Centre (Registered number: 03289938)

Balance Sheet - continued

31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ....1 October 2025......................................... and were signed on its behalf by:

The notes form part of these financial statements

Page 12

Bath & North East Somerset Carers' Centre

Cash Flow Statement for the Year Ended 31 March 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Dividends received
Net cash provided by investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
(66,636)
(66,636)
(3,358)
4,623
3,277
4,542
(1,754)
(1,754)
(63,848)
231,037
167,189		 2024
£
13,421
13,421
(1,884)
4,356
2,751
5,223
(22,569)
(22,569)
(3,925)
234,962
231,037

The notes form part of these financial statements

Page 13

Bath & North East Somerset Carers' Centre

Notes to the Cash Flow Statement

for the Year Ended 31 March 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

ACTIVITIES
2025 2024
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (55,198) 19,680
Adjustments for:
Depreciation charges 20,421 20,629
Losses on investments 160 39
Interest received (4,623) (4,356)
Dividends received (3,277) (2,751)
Increase in debtors (10,668) (4,037)
Decrease in creditors (13,451) (15,783)
Net cash (used in)/provided by operations (66,636) 13,421
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 231,037 (63,848) 167,189
231,037 (63,848) 167,189
Debt
Debts falling due within 1 year (1,932) (3,798) (5,730)
Debts falling due after 1 year (66,585) 5,552 (61,033)
(68,517) 1,754 (66,763)
Total 162,520 (62,094) 100,426

The notes form part of these financial statements

Page 14

Bath & North East Somerset Carers' Centre

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Bath & North East Somerset Carers Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Going concern

The Trustees have evaluated potential income strategies and set targets for the year. The social investment loan for Woodlands was successfully renegotiated in 2023 extending the loan term to 2033 and securing a one-year capital repayment holiday until December 2024. In addition, efforts have begun to diversify and increase income generation activities.

The Adult Services contract was extended until December 2025 and is scheduled to go out to tender in June 2025. The BaNES Children's Services Young Carers contract has been retained until 2031.

The Trustees and senior leadership team have been engaged in resilience planning and are actively considering the most effective use of the organisation's assets. As a result, the Trustees have a reasonable expectation that the Carers' Centre has adequate resources to continue operating for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Legal status of the Charity and Statutory Information

The charity is a company limited by guarantee, incorporated in England and Wales, and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address, nature of the charity's operations and principal activities can be found in the Trustees' Report.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Expenditure

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

All assets costing more than £250 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - 50 years straight line Office equipment - 25% reducing balance Woodland garden equipment - 25% reducing balance

Land is not depreciated.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pension costs

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. DONATIONS AND LEGACIES

Donations
Grants
Donated services and facilities
Grants received, included in the above, are as follows:
Bath University
3.
OTHER TRADING ACTIVITIES
Room Hire
Project Administration Fees
4.
INVESTMENT INCOME
Dividend income
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
BANES Local Authority: contracts
Grants
BANES Local Authority: contracts
Grants		 2025
£
17,832
4,400
10,633
32,865
2025
£
4,400
2025
£
550
3,828
4,378
2025
£
3,277
4,623
7,900
Wellbeing
Connection
£
£
110,927
83,196
18,609
42,500
129,536
125,696
2025
Total
Friendly
activities
£
£
166,391
554,637
-
206,563
166,391
761,200

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. RAISING FUNDS

Raising donations and legacies

External fundraiser
Fundraising Expenses
7.
CHARITABLE ACTIVITIES COSTS
Wellbeing
Connection
Control
Friendly
8.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Professional Fees
Travel and Subsistence
Carers Expenses
Volunteer Expenses		 Direct
Costs (see
note 8)
£
159,071
89,702
276,801
169,413
694,987		 2025
£
-
916
916
Support
costs (see
note 9)
£
38,151
21,848
56,155
49,324
165,478
2025
£
569,919
2
890
122,976
1,200
694,987		 2024
£
8,400
688
9,088
Totals
£
197,222
111,550
332,956
218,737
860,465
2024
£
537,980
-
1,291
76,378
816
616,465

Carer expenses include £83,576 (2024: £27,644) of grants made to individuals.

9. SUPPORT COSTS

Governance
Management
costs
£
£
Wellbeing
37,021
1,130
Connection
21,000
848
Control
54,176
1,979
Friendly
47,628
1,696
159,825
5,653		 Totals
£
38,151
21,848
56,155
49,324
165,478

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Bath & North East Somerset

Carers' Centre

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Premises Costs
Rent and Rates
Postage and stationery
Promotional Expenses
Computer Costs
Bank Charges and Interest
Telephone
Other staff costs
Irrecoverable VAT
Utilities
Office Expenses
Subscriptions and Publications
Professional Fees
Payroll Administration
Insurance
Depreciation of tangible and heritage assets
Independent Examination
Premises Costs
Rent and Rates
Postage and stationery
Promotional Expenses
Computer Costs
Bank Charges and Interest
Telephone
Other staff costs
Irrecoverable VAT
Utilities
Office Expenses
Subscriptions and Publications
Professional Fees
Payroll Administration
Insurance
Depreciation of tangible and heritage assets
Independent Examination		 Wellbeing
Connection
£
£
3,706
2,780
540
404
2,149
2,006
2,675
2,467
4,548
344
1,125
844
1,953
1,465
1,372
1,029
6,071
-
1,156
867
117
87
1,284
963
4,663
3,498
95
71
1,482
1,112
4,085
3,063
1,130
848
38,151
21,848
2025
Total
Friendly
activities
£
£
5,559
18,531
808
2,695
3,228
11,173
5,642
15,546
6,396
18,750
1,687
5,624
2,929
9,764
2,057
7,262
-
6,071
1,734
5,780
174
581
1,927
6,422
6,996
23,319
142
474
2,223
7,411
6,126
20,422
1,696
5,653
49,324
165,478		 Control
£
6,486
943
3,790
4,762
7,462
1,968
3,417
2,804
-
2,023
203
2,248
8,162
166
2,594
7,148
1,979
56,155
2024
Total
activities
£
23,187
2,280
14,805
27,578
18,808
4,146
9,703
16,087
7,410
5,003
3,883
6,968
3,118
707
7,516
20,629
6,686
178,514

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Computer software amortisation
Independent examination		 2025
£
10,213
10,208
3,000		 2024
£
10,422
10,208
2,700

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
516,609
28,437
24,873
569,919		 2024
£
478,345
37,694
21,941
537,980

The average monthly number of employees during the year was as follows:

Employees

2025 2024
23 21

No employee received remuneration amounting to more than £60,000 in either year.

The average monthly number of employees calculated on a full time equivalent basis was 17 (2024:14). The key management personnel of the charity comprise the Chief Executive Officer, the Deputy Chief Executive Officer, the Senior Services Manager and the Senior Development Manager. The total employee benefits of the key management personnel of the charity were £166,375 (2024: £166,638).

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
31,036
Charitable activities
Wellbeing
132,497
Connection
129,167
Control
140,757
Friendly
145,084
Other trading activities
2,176
Investment income
7,107
Total
587,824
EXPENDITURE ON
Raising funds
9,088
Charitable activities
Wellbeing
95,094
Connection
96,185
Control
163,795
Friendly
175,839
Total
540,001
Net gains/(losses) on investments
(39)		 Restricted
funds
£
-
51,926
3,000
135,374
43,090
2,572
-
235,962
-
81,594
11,103
130,019
41,350
264,066
-		 Total
funds
£
31,036
184,423
132,167
276,131
188,174
4,748
7,107
823,786
9,088
176,688
107,288
293,814
217,189
804,067
(39)

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Bath & North East Somerset

Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
NET INCOME/(EXPENDITURE)
47,784
Transfers between funds
438
Net movement in funds
48,222
RECONCILIATION OF FUNDS
Total funds brought forward
444,930
TOTAL FUNDS CARRIED FORWARD
493,152
14.
INTANGIBLE FIXED ASSETS
COST
At 1 April 2024 and 31 March 2025
AMORTISATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
Restricted
Total
funds
funds
£
£
(28,104)
19,680
(438)
-
(28,542)
19,680
99,330
544,260
70,788
563,940
Computer
software
£
30,624
20,416
10,208
30,624
-
10,208		 Total
funds
£
19,680
-
19,680
544,260
563,940

15. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Freehold
property
£
433,396
-
433,396
75,123
5,779
80,902
352,494
358,273		 Woodlands
Office
garden
equipment
equipment
£
£
86,764
8,996
3,358
-
90,122
8,996
73,801
7,572
4,079
355
77,880
7,927
12,242
1,069
12,963
1,424		 Totals
£
529,156
3,358
532,514
156,496
10,213
166,709
365,805
372,660

Included in cost or valuation of land and buildings is freehold land of £160,000 (2024 - £160,000) which is not depreciated.

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

16. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 April 2024 63,026
Revaluations (160)
At 31 March 2025 62,866
NET BOOK VALUE
At 31 March 2025 62,866
At 31 March 2024 63,026

There were no investment assets outside the UK.

Listed investments are represented by M&G Charibond and M&G Charifund and are valued at the market value at the balance sheet date. Gains and losses on investments are taken to the Statement of Financial Activities.

Cost or valuation at 31 March 2025 is represented by:

Valuation in 2025
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 20)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 Listed
investments
£
62,866
2025
2024
£
£
15,652
5,218
7,940
7,706
23,592
12,924
2025
2024
£
£
5,730
1,932
14,929
17,821
20,697
18,548
3,549
2,830
4,772
18,199
49,677
59,330

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

20.

Other loans (see note 20)
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal		 2025
£
61,033
2025
£
5,730
6,010
21,194
33,829		 2024
£
66,585
2024
£
1,932
5,550
19,570
41,465

The above loan facility was provided in 2015, in relation to the purchase of the property known as Woodlands. Interest is variable at 2.75% above Bank of England base rate. During the year, the loan was renegotiated, extending the loan period to 2033 and securing a one-year capital payment holiday.

In relation to the above loan, a first legal charge is registered over the freehold of the property Woodlands, Lower Bristol Road, Bath.

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
365,805
Investments
62,866
Current assets
118,967
Current liabilities
(49,677)
Long term liabilities
(61,033)
436,928		 Restricted
funds
£
-
-
71,814
-
-
71,814		 2025
Total
funds
£
365,805
62,866
190,781
(49,677)
(61,033)
508,742		 2024
Total
funds
£
382,868
63,026
243,961
(59,330)
(66,585)
563,940

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

22. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Fixed asset fund
Restricted funds
Other
Grants for Carers
Household Support Fund
Young Carers
Adult Carers
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Fixed asset fund
Restricted funds
Other
Grants for Carers
Household Support Fund
Young Carers
Adult Carers
TOTAL FUNDS		 At 1.4.24
£
178,801
314,351
493,152
22,378
-
-
27,597
20,813
70,788
563,940		 Net
movement
in funds
£
(35,802)
(20,422)
(56,224)
(22,378)
730
998
(13,191)
34,867
1,026
(55,198)		 Transfers
between
funds
£
(5,112)
5,112
-
-
-
-
-
-
-
-
s follows:
Incoming
resources
£
598,966
-		 Resources
expended
£
(634,608)
(20,422)
598,966
-
5,454
80,000
14,422
107,501
207,377
806,343		 (655,030)
(22,378)
(4,724)
(79,002)
(27,613)
(72,634)
(206,351)
(861,381)		 (160)
-
-
-
-
-
-
(160)

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

22. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed asset fund
Restricted funds
Other
Young Carers
Adult Carers
TOTAL FUNDS		 At 1.4.23
£
100,321
344,609
444,930
4,894
83,461
10,975
99,330
544,260		 Net
movement
in funds
£
47,784
-
47,784
17,484
(55,426)
9,838
(28,104)
19,680		 Transfers
between
funds
£
30,696
(30,258)
438
-
(438)
-
(438)
-		 At
31.3.24
£
178,801
314,351
493,152
22,378
27,597
20,813
70,788
563,940

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Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

22. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Other
Carers Trust Grants for Carers
Household Support Fund
Young Carers
Adult Carers
TOTAL FUNDS		 Incoming
resources
£
587,824
57,933
9,300
25,000
90,520
53,209
235,962
823,786		 Resources
expended
£
(540,001)
(40,449)
(9,300)
(25,000)
(145,946)
(43,371)
(264,066)
(804,067)		 Gains and
Movement
losses
in funds
£
£
(39)
47,784
-
17,484
-
-
-
(55,426)
-
9,838
-
(28,104)
(39)
19,680

Designated funds:

Fixed asset fund: represents the value of the charity's tangible and intangible functional fixed assets, less any long term loans financing them.

Restricted funds:

Restricted funds were for the following purposes:

Young Carers: Grants we receive for young carers

Adult Carers: Grants we receive for adult carers

Other: core grants and services such as the support function we provided to the PCF

Grants for Carers: Grants we receive for individual carers

Household Support Fund: A Fund we hold on behalf of BaNES Council to give in grants for carers in crisis

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continued...

Bath & North East Somerset Carers' Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

23. EMPLOYEE BENEFIT OBLIGATIONS

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £24,873 (2024: £21,941). £3,549 (2024: £2,830) of contributions were payable to the fund at the balance sheet date and were included in creditors accordingly.

24. RELATED PARTY DISCLOSURES

During the year the Charity paid Chris Woodward £914 (2024: £1,359) for design work. Chris Woodward is the brother of the Deputy Chief Executive.

Total donations from trustees were £3,025.

Page 27